New Delhi: The country’s largest refiner, Indian Oil Corp (IOC), on Friday reported a net profit of Rs6,622.96 crore in the fourth quarter (Q4) ended 31 March 2009, while it had a net loss of Rs414.27 crore in the corresponding period a year ago.
The total income dipped to Rs60,599.80 crore during the March quarter, from Rs71,792.82 crore in the same period last fiscal, IOC said in a filing to the Bombay Stock Exchange.
Effective 25 March, IOC had merged Bongaigaon Refinery and Petrochemicals Ltd (BRPL) with itself and the figures of BRPL has been included in the financial results of FY09.
“Previous year’s figures do not include the financial of erstwhile BRPL and hence are not comparable to those of the current year to that extent,” the filing said.
For the financial year ended 31 March 2009, IOC posted a consolidated net profit of Rs2,599.40 crore, while the same was at Rs7,912.74 crore in FY08, the filing added.
Total income rose to Rs2,90,946.19 crore during the fiscal ended March 2009, from Rs2,32,558.62 crore in FY08.
On a standalone basis, IOC posted a net profit of Rs2,949.55 crore in the FY09, while it stood at Rs6,962.58 crore in the year-ago period.
The standalone total income rose to Rs3,09,087.59 crore during FY09, from Rs2,49,169.16 crore in the previous fiscal.